CA FOUNDATION 2024
The CMA Foundation syllabus is available now to all CMA Foundation aspirants so that they can plan their study effectively.. Before start their study, candidates who have registered for the exam must go through the CMA Foundation Syllabus properly so that they can understand it well.. The CMA Foundation syllabus for CMA Foundation exam has been published by ICMAI and will be used starting in the June 2023 term. The CMA Foundation exam will be administered using the 2016 syllabus until December 2023. Candidates who want to switch from the old to the new syllabus must pay a conversion fee of Rs. 250. The CMA Foundation syllabus 2023 includes information about the papers covered, subjects, and subtopics covered. According to the exam schedule, the CMA Foundation exam is offered twice a year by ICMAI: once in June and once in December.
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The CMA Foundation syllabus is available now to all CMA Foundation aspirants so that they can plan their study effectively.. Before start their study, candidates who have registered for the exam must go through the CMA Foundation Syllabus properly so that they can understand it well.. The CMA Foundation syllabus for CMA Foundation exam has been published by ICMAI and will be used starting in the June 2023 term. The CMA Foundation exam will be administered using the 2016 syllabus until December 2023. Candidates who want to switch from the old to the new syllabus must pay a conversion fee of Rs. 250. The CMA Foundation syllabus 2023 includes information about the papers covered, subjects, and subtopics covered. According to the exam schedule, the CMA Foundation exam is offered twice a year by ICMAI: once in June and once in December.
CMA Foundation syllabus
CMA Foundation Syllabus
CMA Foundation syllabus
Paper 1 – Fundamentals Of Financial And Cost Accounting (FFCA)
Paper 1 – Fundamentals Of Financial And Cost Accounting (FFCA)
| Module no. | Module Description | Weight |
|---|---|---|
| Section A: Fundamentals of Financial Accounting | 70% | |
| 1. | Accounting Fundamentals | 30% |
| 2. | Accounting for Special Transactions | 15% |
| 3. | Preparation of Final Accounts | 25% |
| 4. | Section B: Fundamentals of Cost Accounting | 30% |
| Fundamentals of Cost Accounting | 30% |
Module no.
Module Description
Weight
Section A: Fundamentals of Financial Accounting
70%
1.
Accounting Fundamentals
30%
2.
Accounting for Special Transactions
15%
3.
Preparation of Final Accounts
25%
4.
Section B: Fundamentals of Cost Accounting
30%
Fundamentals of Cost Accounting
30%
SECTION A: Fundamentals Of Financial Accounting
SECTION A: Fundamentals Of Financial Accounting
- Accounting Fundamentals
Accounting Fundamentals
1.1 Understanding of Four Frameworks of Accounting (Conceptual, Legal, Institutional and
1.1 Understanding of Four Frameworks of Accounting (Conceptual, Legal, Institutional and
Regulatory) and Forms of Organisation
Regulatory) and Forms of Organisation
1.2 Accounting Principles, Concepts and Conventions
1.2 Accounting Principles, Concepts and Conventions
1.3 Capital and Revenue Transactions – Capital and Revenue Expenditures, Capital and Revenue
1.3 Capital and Revenue Transactions – Capital and Revenue Expenditures, Capital and Revenue
Receipts
Receipts
1.4 Accounting Cycle – Charts of Accounts and Codification Structure, Analysis of Transaction –
1.4 Accounting Cycle – Charts of Accounts and Codification Structure, Analysis of Transaction –
Accounting Equation, Double Entry System, Books of Original Entry, Subsidiary Books and
Accounting Equation, Double Entry System, Books of Original Entry, Subsidiary Books and
Finalisation of Accounts
Finalisation of Accounts
1.5 Journal (Day Books; Journal Proper – Opening, Transfer, Closing, Adjustment and Rectification
1.5 Journal (Day Books; Journal Proper – Opening, Transfer, Closing, Adjustment and Rectification
Entries), Ledger
Entries), Ledger
1.6 Cash Book, Bank Book, Petty Cash Book, Bank Reconciliation Statement
1.6 Cash Book, Bank Book, Petty Cash Book, Bank Reconciliation Statement
1.7 Trial Balance
1.7 Trial Balance
1.8 Adjustment Entries and Rectification of Errors
1.8 Adjustment Entries and Rectification of Errors
1.9 Depreciation (Straight Line and Diminishing Balance Methods only)
1.9 Depreciation (Straight Line and Diminishing Balance Methods only)
1.10 Accounting Treatment of Bad Debts and Provision for Doubtful Debts
1.10 Accounting Treatment of Bad Debts and Provision for Doubtful Debts
- Accounting for Special Transactions
Accounting for Special Transactions
2.1 Consignment
2.1 Consignment
2.2 Joint Venture
2.2 Joint Venture
2.3 Bills of Exchange (excluding Accommodation Bill, Insolvency)
2.3 Bills of Exchange (excluding Accommodation Bill, Insolvency)
- Preparation of Final Accounts
Preparation of Final Accounts
3.1 Preparation of Financial Statements of Sole Proprietorship
3.1 Preparation of Financial Statements of Sole Proprietorship
3.1.1 Income Statement, Balance Sheet
3.1.1 Income Statement, Balance Sheet
3.2 Preparation of Financial Statements of a Not-for-Profit Organisation
3.2 Preparation of Financial Statements of a Not-for-Profit Organisation
3.2.1 Preparation of Receipts and Payments Account
3.2.1 Preparation of Receipts and Payments Account
3.2.2 Preparation of Income and Expenditure Account
3.2.2 Preparation of Income and Expenditure Account
3.2.3 Preparation of Balance Sheet
3.2.3 Preparation of Balance Sheet
Section B: Fundamentals Of Cost Accounting
Section B: Fundamentals Of Cost Accounting
- Fundamentals of Cost Accounting
Fundamentals of Cost Accounting
4.1 Meaning, Definition, Significance of Cost Accounting, its Relationship with Financial Accounting
4.1 Meaning, Definition, Significance of Cost Accounting, its Relationship with Financial Accounting
4.2 Application of Cost Accounting for Business Decisions
4.2 Application of Cost Accounting for Business Decisions
4.3 Definition of Cost, Cost Centre, Cost Unit and Cost Drivers
4.3 Definition of Cost, Cost Centre, Cost Unit and Cost Drivers
4.4 Classification of Costs (with reference to Cost Accounting Standard 1)
4.4 Classification of Costs (with reference to Cost Accounting Standard 1)
4.5 Ascertainment of Cost and Preparation of Statement of Cost and Profit (Cost Sheet)
4.5 Ascertainment of Cost and Preparation of Statement of Cost and Profit (Cost Sheet)
Paper 2- Fundamentals Of Business Laws And Business Communication (FBLC)
Paper 2- Fundamentals Of Business Laws And Business Communication (FBLC)
| Module no. | Module Description | Weight |
| Section A: Fundamentals of Business Laws | 80% | |
| 1. | Introduction | 10% |
| 2. | Indian Contracts Act, 1872 | 30% |
| 3. | Sale of Goods Act, 1930 | 20% |
| 4. | Negotiable Instruments Act,1881 | 20% |
| 5. | Section B: Business Communication | 20% |
| Business Communication | 20% |
Module no.
Module Description
Weight
Section A: Fundamentals of Business Laws
80%
Introduction
10%
Indian Contracts Act, 1872
30%
Sale of Goods Act, 1930
20%
Negotiable Instruments Act,1881
20%
Section B: Business Communication
20%
Business Communication
20%
SECTION A: Fundamentals Of Business Laws
SECTION A: Fundamentals Of Business Laws
- Introduction
Introduction
1.1 Sources of Law
1.1 Sources of Law
1.2 Legislative Process in India
1.2 Legislative Process in India
1.3 Legal Methods and Court System in India
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1.3 Legal Methods and Court System in India
1.4 Primary and Subordinate Legislation
1.4 Primary and Subordinate Legislation
- Indian Contracts Act, 1872
Indian Contracts Act, 1872
2.1 Essential Elements of a Contract, Types of Contract, Offer and Acceptance
2.1 Essential Elements of a Contract, Types of Contract, Offer and Acceptance
2.2 Void and Voidable Agreements, No Consideration No Contract
2.2 Void and Voidable Agreements, No Consideration No Contract
2.3 Consideration, Legality of Object and Consideration
2.3 Consideration, Legality of Object and Consideration
2.4 Capacity of Parties, Free Consent
2.4 Capacity of Parties, Free Consent
2.5 Quasi and Contingent Contracts
2.5 Quasi and Contingent Contracts
2.6 Performance of Contracts
2.6 Performance of Contracts
2.7 Meaning of Indemnity, Guarantee, Pledge, Agent
2.7 Meaning of Indemnity, Guarantee, Pledge, Agent
2.8 E-Contracts and E-Signature – Meanings and Requirements
2.8 E-Contracts and E-Signature – Meanings and Requirements
2.9 Discharge of Contracts
2.9 Discharge of Contracts
2.10 Breach of Contract and Remedies for Breach of Contract
2.10 Breach of Contract and Remedies for Breach of Contract
- Sale of Goods Act, 1930
Sale of Goods Act, 1930
3.1. Definition
3.1. Definition
3.2. Transfer of Ownership
3.2. Transfer of Ownership
3.3. Essential Conditions of a Contract of Sale
3.3. Essential Conditions of a Contract of Sale
3.4. Conditions and Warranties
3.4. Conditions and Warranties
3.5. Performance of the Contract of Sale
3.5. Performance of the Contract of Sale
3.6. Rights of Unpaid Seller
3.6. Rights of Unpaid Seller
- Negotiable Instruments Act, 1881
Negotiable Instruments Act, 1881
4.1. Characteristics of Negotiable Instruments
4.1. Characteristics of Negotiable Instruments
4.2. Definitions of Promissory Note, Bill of Exchange and Cheque
4.2. Definitions of Promissory Note, Bill of Exchange and Cheque
4.3. Difference between Promissory Note, Bill of Exchange and Cheque
4.3. Difference between Promissory Note, Bill of Exchange and Cheque
4.4. Crossing – Meaning, Definition and Types of Crossing
4.4. Crossing – Meaning, Definition and Types of Crossing
4.5. Dishonour of Cheques (Section 138)
4.5. Dishonour of Cheques (Section 138)
SECTION B: BUSINESS COMMUNICATION
SECTION B: BUSINESS COMMUNICATION
- Business Communication
Business Communication
5.1 Introduction to Business Communication
5.1 Introduction to Business Communication
5.2 Features of Effective Business Communication
5.2 Features of Effective Business Communication
5.3 Process of Communication
5.3 Process of Communication
5.4 Types of Business Communication
5.4 Types of Business Communication
5.4.1 Formal and Informal Communication
5.4.1 Formal and Informal Communication
5.4.2 Verbal, Non-verbal and Written Communication
5.4.2 Verbal, Non-verbal and Written Communication
5.4.3 Vertical, Horizontal and Diagonal Communication
5.4.3 Vertical, Horizontal and Diagonal Communication
5.4.4 Upward and Downward Communication
5.4.4 Upward and Downward Communication
5.4.5 Lateral Communication
5.4.5 Lateral Communication
5.5 Internet Based Business Communication
5.5 Internet Based Business Communication
5.6 Do’s and Don’ts of Communication through Social Media
5.6 Do’s and Don’ts of Communication through Social Media
5.7 Writing and Drafting for Business Audiences
5.7 Writing and Drafting for Business Audiences
5.7.1 Letter and Memorandum
5.7.1 Letter and Memorandum
5.7.2 Report – Formal and Informal
5.7.2 Report – Formal and Informal
5.7.3 Business Proposal
5.7.3 Business Proposal
5.7.4 Enhancement of Writing Skills
5.7.4 Enhancement of Writing Skills
5.8 Intercultural and International Business Communication
5.8 Intercultural and International Business Communication
5.9 Barriers to Business Communication
5.9 Barriers to Business Communication
5.10 Legal Aspects of Business Communication
5.10 Legal Aspects of Business Communication
5.11 Use of Graphics and References for Business Communication
5.11 Use of Graphics and References for Business Communication
Paper 3 – Fundamentals Of Business Economics And Management (FBEM)
Paper 3 – Fundamentals Of Business Economics And Management (FBEM)
| Module no. | Module Description | Weight |
| Section A: Fundamentals of Business Economics | 70% | |
| 1. | Basic Concepts | 15% |
| 2. | Forms of Market | 20% |
| 3. | Money and Banking | 20% |
| 4. | Economic and Business Environment | 15% |
| 5. | Section B: Fundamentals of Management | 30% |
| Fundamentals of Management | 30% |
Module no.
Module Description
Weight
Section A: Fundamentals of Business Economics
70%
1.
Basic Concepts
15%
2.
Forms of Market
20%
3.
Money and Banking
20%
4.
Economic and Business Environment
15%
5.
Section B: Fundamentals of Management
30%
Fundamentals of Management
30%
Section A: Fundamentals Of Business Economics
Section A: Fundamentals Of Business Economics
- Basic Concepts
Basic Concepts
1.1 The Fundamentals of Economics
1.1 The Fundamentals of Economics
1.2 Utility, Wealth, Production
1.2 Utility, Wealth, Production
1.3 Theory of Demand (Meaning, Determinants of Demand, Law of Demand, Elasticity of Demand
1.3 Theory of Demand (Meaning, Determinants of Demand, Law of Demand, Elasticity of Demand
– Price, Income and Cross Elasticity, Theory of Consumer Behaviour, Demand Forecasting) and
– Price, Income and Cross Elasticity, Theory of Consumer Behaviour, Demand Forecasting) and
Supply (Meaning, Determinants, Law of Supply and Elasticity of Supply), Equilibrium
Supply (Meaning, Determinants, Law of Supply and Elasticity of Supply), Equilibrium
1.4 Theory of Production (Meaning, Factors, Laws of Production – Law of Variable Proportion, Laws
1.4 Theory of Production (Meaning, Factors, Laws of Production – Law of Variable Proportion, Laws
of Returns to Scale)
of Returns to Scale)
1.5 Cost of Production (Concept of Costs, Short-run and Long-run Costs, Average and Marginal Costs,
1.5 Cost of Production (Concept of Costs, Short-run and Long-run Costs, Average and Marginal Costs,
Total, Fixed and Variable Costs)
Total, Fixed and Variable Costs)
1.6 Means of Production
1.6 Means of Production
- Forms of Market
Forms of Market
2.1 Pricing of Products and Services in Various Forms of Markets – Perfect Competition, Duopoly,
2.1 Pricing of Products and Services in Various Forms of Markets – Perfect Competition, Duopoly,
Oligopoly, Monopoly, Monopolistic Competition
Oligopoly, Monopoly, Monopolistic Competition
2.2 Price Discrimination
2.2 Price Discrimination
- Money and Banking
Money and Banking
3.1 Money – Types, Features and Functions
3.1 Money – Types, Features and Functions
3.2 Banking – Definition, Functions, Utility, Principles
3.2 Banking – Definition, Functions, Utility, Principles
3.3 Commercial Banks, Central Bank
3.3 Commercial Banks, Central Bank
3.4 Measures of Credit Control and Money Market
3.4 Measures of Credit Control and Money Market
- Economic and Business Environment
Economic and Business Environment
4.1 PESTEL (Political, Economic, Societal, Technological, Environmental and Legal) Analysis
4.1 PESTEL (Political, Economic, Societal, Technological, Environmental and Legal) Analysis
4.2 Emerging Dimensions of VUCAFU (Volatility, Uncertainty, Complexity, Ambiguity, Fear of
4.2 Emerging Dimensions of VUCAFU (Volatility, Uncertainty, Complexity, Ambiguity, Fear of
Unknown and Unprecedented Ness)
Unknown and Unprecedented Ness)
Section B – Fundamentals Of Management
Section B – Fundamentals Of Management
- Fundamentals of Management
Fundamentals of Management
5.1 Introduction to Management
5.1 Introduction to Management
5.2 Stewardship Theory and Agency Theory of Management
5.2 Stewardship Theory and Agency Theory of Management
5.3 Planning, Organising, Staffing and Leading
5.3 Planning, Organising, Staffing and Leading
5.4 Communication, Coordination, Collaboration, Monitoring and Control
5.4 Communication, Coordination, Collaboration, Monitoring and Control
5.5 Organisation Structure, Responsibility, Accountability and Delegation of Authority
5.5 Organisation Structure, Responsibility, Accountability and Delegation of Authority
5.6 Leadership and Motivation – Concepts and Theories
5.6 Leadership and Motivation – Concepts and Theories
5.7 Decision-making – Types and Process
5.7 Decision-making – Types and Process
Paper 4 – Fundamentals Of Business Mathematics And Statistics (FBMS)
Paper 4 – Fundamentals Of Business Mathematics And Statistics (FBMS)
| Module no. | Module Description | Weight |
| Section A: Fundamentals of Business Mathematics | 40% | |
| 1. | Arithmetic | 15% |
| 2. | Algebra | 20% |
| 3. | Calculus – Application in Business | 5% |
| 4. | Section B: Fundamentals of Business Statistics | 60% |
| Statistical Representation of Data | 5% | |
| 5. | Measures of Central Tendency and Dispersion | 15% |
| 6. | Correlation and Regression | 15% |
| 7. | Probability | 15% |
| 8. | Index Numbers and Time Series | 10% |
Module no.
Module Description
Weight
Section A: Fundamentals of Business Mathematics
40%
1.
Arithmetic
15%
2.
Algebra
20%
3.
Calculus – Application in Business
5%
4.
Section B: Fundamentals of Business Statistics
60%
Statistical Representation of Data
5%
5.
Measures of Central Tendency and Dispersion
15%
6.
Correlation and Regression
15%
7.
Probability
15%
8.
Index Numbers and Time Series
10%
Section A: Fundamentals Of Business Mathematics
Section A: Fundamentals Of Business Mathematics
- Arithmetic
Arithmetic
1.1 Ratios, Variations and Proportions
1.1 Ratios, Variations and Proportions
1.2 Time Value of Money and Annuity – Simple and Compound Interest
1.2 Time Value of Money and Annuity – Simple and Compound Interest
1.3 Arithmetic Progression and Geometric Progression
1.3 Arithmetic Progression and Geometric Progression
1.4 Time and Distance
1.4 Time and Distance
- Algebra
Algebra
2.1 Set Theory, including Venn Diagram
2.1 Set Theory, including Venn Diagram
2.2 Indices and Logarithms (Basic Concepts)
2.2 Indices and Logarithms (Basic Concepts)
2.3 Permutation and Combinations (Basic Concepts)
2.3 Permutation and Combinations (Basic Concepts)
2.4 Quadratic Equations (Basic Concepts)
2.4 Quadratic Equations (Basic Concepts)
- Calculus – Application in Business
Calculus – Application in Business
3.1 Concept of Calculus and its Application in Business
3.1 Concept of Calculus and its Application in Business
3.2 Revenue and Cost Function
3.2 Revenue and Cost Function
3.3 Optimisation Techniques (Basic Concepts)
3.3 Optimisation Techniques (Basic Concepts)
Section B: Fundamentals Of Business Statistics
Section B: Fundamentals Of Business Statistics
- Statistical Representation of Data
Statistical Representation of Data
4.1 Diagrammatic Representation of Data
4.1 Diagrammatic Representation of Data
4.2 Frequency Distribution
4.2 Frequency Distribution
4.3 Graphical Representation of Frequency Distribution – Histogram, Frequency Polygon Curve, Ogive, Pie-chart
4.3 Graphical Representation of Frequency Distribution – Histogram, Frequency Polygon Curve, Ogive, Pie-chart
- Measures of Central Tendency and Dispersion
Measures of Central Tendency and Dispersion
5.1 Mean, Median, Mode, Mean Deviation
5.1 Mean, Median, Mode, Mean Deviation
5.2 Range, Quartiles and Quartile Deviation
5.2 Range, Quartiles and Quartile Deviation
5.3 Standard Deviation
5.3 Standard Deviation
5.4 Coefficient of Variation
5.4 Coefficient of Variation
5.5 Karl Pearson and Bowley’s Coefficient of Skewness
5.5 Karl Pearson and Bowley’s Coefficient of Skewness
- Correlation and Regression
Correlation and Regression
6.1 Scatter Diagram
6.1 Scatter Diagram
6.2 Karl Pearson’s Coefficient of Correlation
6.2 Karl Pearson’s Coefficient of Correlation
6.3 Regression Analysis
6.3 Regression Analysis
- Probability
Probability
7.1 Concepts and Terminologies
7.1 Concepts and Terminologies
7.2 Primary applications of Probability Theorems
7.2 Primary applications of Probability Theorems
- Index Numbers and Time Series
Index Numbers and Time Series
8.1 Uses of Index Numbers, Methods of Construction of Index Number
8.1 Uses of Index Numbers, Methods of Construction of Index Number
8.2 Components of Time Series and Calculation of Trend by Moving Average Method
8.2 Components of Time Series and Calculation of Trend by Moving Average Method
Conclusion:
Conclusion:
It is always crucial to understand the CMA Foundation Syllabus as that is the only way to create the best study plan as per the weightage of the subjects & the length of the syllabus of the specific topics. The CMA Foundation syllabus 2023, which will be applicable for June 2023 & November 2023 & all the exams in future till the next update in CMA Foundation Syllabus.
It is always crucial to understand the CMA Foundation Syllabus as that is the only way to create the best study plan as per the weightage of the subjects & the length of the syllabus of the specific topics. The CMA Foundation syllabus 2023, which will be applicable for June 2023 & November 2023 & all the exams in future till the next update in CMA Foundation Syllabus.
CMA Foundation Syllabus
CMA Foundation syllabus
CMA Foundation Syllabus
Understand the CMA Foundation Syllabus property & do well in the exams.
Understand the CMA Foundation Syllabus property & do well in the exams.
BEst of luck to all CMA Foundation aspirants!
BEst of luck to all CMA Foundation aspirants!